Aegon: capital generation forecast raised for 2023
At a business update, the group said it now expected capital generation of around 1.2 billion euros by 2023, up from more than a billion previously.
In the third quarter, its operating capital generation climbed 16% to 354 million euros.
CEO Lard Friese explained that the insurer - now headquartered in Bermuda - was benefiting from continued strong sales momentum in the US and favorable exceptional items.
Aegon - which wants to ensure that its US subsidiary Transamerica reaches its 'full potential' - emphasized that the branch's strategic assets continued to grow in the third quarter.
Following this encouraging business update, the share gained more than 3% around 10:30 a.m., posting by far the biggest rise on the AEX index.
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